News

$60 million in virtual currency hacked in Japan

Agence France-Presse
Posted at Sep 20 12:18 PM

Osaka-based Tech Bureau, which operates virtual currency exchange Zaif, said its server had been illegally accessed and money transferred. Read more »

Cryptocurrency exchanges at risk of manipulation: US report

Anna Irrera, Reuters
Posted at Sep 19 09:58 AM

The New York Attorney General found that online platforms where virtual currencies such as bitcoin can be bought and sold by individuals operate with lower safeguards than traditional financial markets, are vulnerable to market manipulation and put customer funds at risk. Read more »

Chinese bitcoin mining rig makers aim for billions in HK IPOs - sources

Alun John and Julie Zhu, Reuters
Posted at Aug 27 03:12 PM

Soaring cryptocurrency prices last year triggered a boom in demand for specialist mining chips and in developing "mines" - facilities with thousands of machines that create the coins by solving complex mathematical puzzles. Read more »

Hackers target smartphones to mine cryptocurrencies

Helene Masquelier, Agence France-Presse
Updated as of Aug 22 12:06 PM

This new type of cyberattack is called "cryptojacking" by security experts.  Read more »

Bitcoin slips below $8,000 as investors step away from risk

Reuters
Posted at Jul 31 08:36 AM

Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets. Read more »

Blockchain held back by lack of programmers, says expert

ABS-CBN News
Posted at Jul 25 04:47 PM

Mainstream adoption of blockchain and cryptocurrencies is being held back by the lack of programmers and developers, an expert said on Wednesday.  Read more »

Hackers steal $30 million from top Seoul bitcoin exchange

Agence France-Presse
Posted at Jun 20 05:00 PM

Hackers stole more than $30 million worth of cryptocurrencies from South Korea's top bitcoin exchange, sending the unit's price falling around the world on Wednesday. Read more »

Bitcoin could 'bring internet to a halt': BIS

Agence France-Presse
Posted at Jun 18 08:07 PM

The Bank for International Settlements in a report warned digital currencies like bitcoin could overwhelm and break the internet if they continue to grow. Read more »

Bitcoin 'whales' pulling cryptocurrency strings

Kevin Trublet, Agence France-Presse
Posted at Jun 13 12:53 PM

So-called 'whales' or big players can 'dictate monetary policy, which is normally the function of a central bank or a government,' an analyst said. Read more »

Cryptocurrency market consolidating, says PDAX CEO

ABS-CBN News
Posted at Jun 11 08:18 PM

Bitcoin's fall from a dizzying exchange rate of 1 to $19,000 in December last year to around $7,000 today should be seen a "consolidation," one of the founders of a new cryptocurrency exchange said on Monday. Read more »

8 dayuhan na nasa likod umano ng investment scam, arestado

ABS-CBN News
Posted at Jun 08 02:03 AM

Nasa kustodiya rin ng pulisya ang may 500 Pinoy na empleyado na ginagamit umano para humimok ng mga kliyente para sa umano'y scam. Read more »

Cryptocurrency addicts seek treatment at Scottish clinic

Agence France-Presse
Posted at May 29 09:16 PM

A Scottish addiction clinic has begun treating people who are hooked on trading cryptocurrencies. Read more »

What you need to know before investing in crypto

ABS-CBN News
Updated as of May 29 07:34 AM

An investor who saw a 39,000 percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams. Read more »

Kidnappers demand bitcoin ransom for teen

Agence France-Presse
Posted at May 22 11:01 PM

A gang who kidnapped a South African teenager from a playground at the weekend have demanded a ransom in bitcoin cryptocurrency worth about $123,000, police said Tuesday. Read more »

Soon screening near you? Blockchain tech premieres at Cannes

Agence France-Presse
Posted at May 16 01:27 PM

Blockchain may not be the most glamorous new star at the Cannes festival but experts touting the technology say it will rock the world of film even if the red carpet crowd doesn't know it yet. Read more »

Where are bitcoins in Manila?

ABS-CBN News
Posted at May 09 12:41 PM

Quintin Pastrana lists down where you can find bitcoins in Manila, and compare it to how other countries take advantage of the virtual currency. Read more »

DOJ urged to reinstate syndicated estafa raps vs bitcoin investment scam couple

Ina Reformina, ABS-CBN News
Posted at May 03 09:33 PM

The Philippine National Police (PNP) urged the Department of Justice (DOJ) to reverse its earlier ruling finding probable cause for the bailable offense of estafa against a couple implicated in an alleged P709.21-million cryptocurrency scam and reinstate the original case and higher crime of syndicated estafa. Read more »

Cryptocurrency scams now rampant says SEC

Warren De Guzman, ABS-CBN News
Posted at Apr 18 06:14 PM

The Securities and Exchange Commission on Wednesday warned that internet-based bitcoin and cryptocurrency ponzi schemes are now running rampant. Read more »

New York investigates cryptocurrency trading exchanges

Agence France-Presse
Posted at Apr 18 04:44 AM

New York state authorities on Tuesday said they have launched a probe into platforms that trade cryptocurrencies like bitcoin, including potential fraud and conflicts of interest. Read more »

Alleged bitcoin scam mastermind claims he was abducted by cops

ABS-CBN News
Posted at Apr 14 12:36 AM

The alleged mastermind of a multimillion-peso bitcoin scam has claimed policemen abducted him and forced him to sign over to them ownership of several of his properties.  Read more »